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Moody’s confirms RCB Bank’s ratings in periodic review: Strong asset quality, capital adequacy

26.07.2019

Moody’s Investors Service has completed a periodic review of ratings of the three major Cypriot banks. RCB Bank has B1 long-term deposit rating – two notches higher than others and the highest among all Cypriot banks.

Reassessing the appropriateness of its ratings and recent developments, the agency highlighted the strong asset quality, low level of NPLs, high capital adequacy ratios as well as a gradually growing and strengthening domestic franchise.

RCB Bank's domestic franchise should continue to gradually grow, with its 2019-2023 strategy envisioning expansion of its domestic operations, loans and deposits.

This is another confirmation of the Bank’s stable financial position in terms of capital and liquidity.


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